Tag Archives: Keurig

Green Mountain shares sizzle on Starbucks deal

Green Mountain Coffee Roasters shares are soaring today on
news of a renewed deal with coffee giant Starbucks.

Green Mountain Coffee

Green Mountain Coffee

Shares were up more than 24 percent at midday to $73.90.

Green Mountain has a sizable presence in Knox County with
about 900 employees and a roasting and distribution plant in Forks of the River
Industrial Park, according to the Knoxville Business Journal Book of Lists.

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Green Mountain, Starbucks expand partnership

 

Green Mountain Coffee Roasters Inc., which has a significant manufacturing presence and 500 employees in Knox County, has dodged a Starbucks bullet.

Green Mountain Coffee

Green Mountain Coffee

Shares of Green Mountain are up more than 7 percent in morning trading on news of an expanded partnership with Starbucks Coffee Co.

Green Mountain had seen its share price drop sharply in recent weeks after Starbucks launched its Verismo single-serve coffee system in competition with Green Mountain’s Keurig Vue single-cup machines.

 

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Green Mountain, Starbucks together — finally

Green Mountain Coffee Roasters, which has a large roasting and distribution plant in Knox County, has struck a much anticipated deal with Starbucks, the big dog in the retail coffee business.

Investors like the news. GMCR shares are soaring, up close to 30 percent by late morning. Trading volume was heavy.

The deal calls for the companies to make single-serve Starbucks coffee and Tazo tea available for Green Mountain’s Keurig single-cup brewing system.

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